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LITTLETON, CO-Cleve Brown, vice president of Cohen Financial’s Denver office, secured $2.25 million in debt placement for an office building. The property is a 27,222-sf industrial/office building at 8130 Shaffer Pkwy. in this suburb southwest of Denver.

The major tenant is ITN Energy.

Cohen Financial secured $2.25 million for the borrower, a private developer and repeat customer. Terms of the 10-year non-recourse loan with carveouts include a 28-year amortization schedule, 75% loan-to-value ratio and pricing based on the 10-year US Treasury Index. The lender was a life insurance company.

Chicago-based Cohen is a national real estate finance company. It is the nation’s third largest originator of commercial real estate loans. The company, with office in nine major US markets, has a market capitalization of more than $100 million.

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